re: accounting final project

Project Description:

part 1 of the project, due at the end of this unit, requires you to describe and flowchart either the sales or purchasing process at your organization (or one of your choice). this documentation will provide the basis for part 2 of the project.

begin with an introduction to your organization. identify the type of organization (i.e., manufacturing or service). detail briefly the products or services offered by your organization and the market niche and/or general clientele targeted/serviced.
choose to document either the sales or purchasing process.
create a figure of the objectives, inputs, and outputs associated with processing the business transactions for the process selected. (for examples, refer to figure 7-8 on p. 218 for the sales process and figure 7-10 on p. 222 for the purchasing process.)
as an appendix, develop a system flowchart of either the sales or purchasing process. make sure to follow the guidelines for drawing system flowcharts documented throughout your textbook.
conclude with a description of the business process in narrative form, explaining the objectives, events, inputs, and outputs. make sure to reference key points in the system flowchart.
part 1 of the project should be 6–7 double-spaced pages and will be evaluated for content and professionalism. make sure to proofread, and then proofread again. even ask a friend or relative to read for ease of reading and proper use of grammar/spelling. submit via course dropbox by the final day of the unit (i.e., tuesday midnight).

course portfolio (part 2)

turn in part 2 of the project.

the second part of the project, due at the end of this unit, requires you to identify and describe internal controls in the business process that you documented for part 1 of the project.

start with the document turned in for part 1. review each stage of the process and identify where an internal control should exist. then, determine if a control actually does exist. extend your document by creating a new section at the end that explains the nature of the internal controls currently working and that identifies controls that should be put in place. as this exercise involves a single business process, include only manual (i.e., human) and application-level it (i.e., system) controls. use the guidelines below for your documentation and make sure to reference your system flowchart.
documentation guidelines of existing controls:
identify the risk the control mitigates.
detail if the control is manual or an application-level control.
if manual, identify the person(s) involved and explain what they do.
if an application control, classify the control as an input, processing, or output control and explain how the control works.
documentation guidelines of missing controls:
identify the risk not covered by existing controls.
propose an internal control that would mitigate the risk. make sure to include the same information from the guidelines for existing controls documentation.
discuss general it controls with a member of the organization you chose who is knowledgeable in this area. identify and document five general it controls important to the organization.
documentation guidelines of existing general it controls:
identify the risk the control mitigates.
classify the control as one of the five types listed within your textbook: 1) personnel policies, 2) file security controls, 3) business continuity planning, 4) computer facility controls, or 5) access to computer file.
explain how the control works.
after adding the requirements from part 2 of the project to the original document submitted in part 1, the amended document should be 8–10 double-spaced pages and will be evaluated for content and professionalism. make sure to proofread, and then proofread again. even ask a friend or relative to read for ease of reading and proper use of grammar/spelling. submit via course dropbox by the final day of the unit (i.e., tuesday midnight).

course portfolio (part 3)

turn in part 3 of the project.

the third part of the project, due at the end of this unit, requires you to research third-party continuous auditing software applications and analyze the functionality with respect to your organization.

1. search the world wide web for three continuous auditing software applications developed by third-party software companies (see list below for examples you may use).
continuous auditing software
acl
approva
caseware idea
metricstream
oversight technologies
trintech
extend your document from part 2 by creating a new section at the end that briefly describes each of the three continuous auditing products and its functionality (1–2 pages).create a table as an appendix that compares the functionality of the three products. choose at least five functions that you can compare. examples include: 1) pre-defined audit steps, 2) automatic notification of violations, 3) compatibility with erps, 4) audit of business transactions,